Free Internet For The Masses
FCC chair Kevin Martin can’t get off the "free internet" hobby-horse. US citizens do not get free water, electricity, gas, or telephone service. Mr. Martin believes that access to the worldwide web should be…
All Work
Douglas A. McIntyre
Toyota’s (TM) Electric Razor Car (GM)(F)
Detroit may be falling behind the curve again. Toyota (TM) will begin to mass produce lithium ion-batteries in less than two years, making the chances that a working electric car will be in the…
Crude At $250: The Mad Hatter Seizes The Oil Prediction Racket
"Alice, it would be nice if something made sense for a change"–Mad Hatter, in "Alice In Wonderland" Overnight, the head of Russia’s state-owned oil company, Gazprom, said that crude would hit $250 next year.…
Short Sellers Move Into Yahoo! (YHOO), Exit Sirius (SIRI)
A look at short interest for stocks traded on the Nasdaq as of May 30 show that traders moved into Yahoo! (YHOO) and out of Sirius (SIRI) Shares short in Yahoo! rose 19.2 million…
Media Digest 6/11/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, volume sales are now the key to success for Apple’s (AAPL) new iPhone. Reuters reports that the head of Merrill Lynch (MER) supports ongoing regulatory access to data from brokerages and…
Asia Markets 6/11/2008 (SNP)(CHU)
Most markets in Asia were higher. The Nikkei rose 1.2% to 14,183. Canon rose 3.4% to 5520. Fuji Heavy Industries rose 8.8% to 581. The Hang Seng was flat at 23,272. China Petroleum (SNP)…
Boardwalk Pipeline Hit On Secondary (BWP)
Boardwalk Pipeline Partners, LP (NYSE: BWP) has priced its planned and proposed secondary offering of 10,000,000 units representing limited partner interests at a price of $25.30 per unit. For an offering of this size…
Russia’s Gazprom Sees Oil At $250, Refuses To Be Topped By US Analysts
The Russians will not take a back seat to anyone. That includes oil analysts from Goldman, Lehman, and Merrill Lynch who say oil may reach $200. They will not be bested by the International…
SourceForge CEO Out.. Slashdot.Org and ThinkGeek (LNUX)
SourceForge, Inc. (NASDAQ: LNUX) announced after the close that its President & CEO Ali Jenab has resigned from the company, with an effective date of today. Interestingly enough, Ali Jenab had been at the…
As Verizon Wireless (VZ)(VOD) Does Well, Does Sprint (S) Do Poorly?
Verizon (VZ) had two piece of news for investors today. The first is that it fiber-to-the-home cable killer, FiOS is being built out faster than expected. All 18 million of the homes it passes…
The 52-Week Low Club (ABK)(VSE)(LEE)(NOK)(SNCR)
AMBAC (ABK) Brutal sell-off in some financials. S&P cuts some securities covered by the insurer. Down to $1.74 from 52-week high of $89.33. Verasun Energy (VSE) Corn up, ethanol stocks down. Hits bottom at…
Moody’s Pans Yum Brands Debt Rating (YUM)
In yet another beloved move by ‘independent ratings agencies,’ Moody’s Investors Service has placed the Debt Ratings (not equity) of Yum Brands Inc. (NYSE: YUM) on review for a possible downgrade. The company’s senior…
Gas Will Peak At $4.15 In August, Really It Will
The Energy Information Administration says that gas prices will peak at $4.15 in mid-August. Honest. According to Reuters," Last month, the EIA projected gasoline prices would peak in June at $3.73 per gallon of…
IPO FILING: Mistras Group, Inc.
A company by the name of Mistras Group, Inc. has just filed to come public via an SEC Filing. The proposed sale amount for filing purposes is $172.5 million in gross proceeds. The book-running…
Gap Restructuring Mostly Applauded (GPS)
There were some interesting and somewhat expected comments out of the new CEO of Gap Inc. (NYSE: GPS), Glenn Murphy. He was speaking today at the Piper Jaffray 28th Annual Consumer Conference. Murphy noted…
XTO Boosts Growth With Acquisitions (XTO)
Shares of XTO Energy Inc. (NYSE: XTO) are trading higher after announcing a rather large acquisition. The company is acquiring privately held Hunt Petroleum Corp. for some $4.2 Billion in cash and stock. The…
Pinnacle’s Delta Connection Contract Terminated (PNCL, DAL, MESA)
Pinnacle Airlines Inc. (NASDAQ: PNCL) might as well have its wings clipped if you look at the news from this morning. Delta Air Lines, inc. (NYSE: DAL) has given notice of contract termination regarding…
United Rentals Major Share Tender (URI)
United Rentals Inc. (NYSE: URI) is seeing shares surge in pre-market trading. It seems it is doing what the old private equity acquisition couldn’t do. It isn’t going private, but it is cleaning up…
Oil Gushing Again (XOM, COP, RIG, APA, OMNI, NR, WNR, ALJ)
Yesterday, the energy sector gained 1.69%, as money flowed into ExxonMobil (NYSE:XOM), up 2.63%; ConocoPhillips (NYSE:COP), up 3.07%, Transocean (NYSE:RIG), up 3.21%; and Apache (NYSE:APA), up 6.04%. Other big gainers were oilfield services companies,…
Overstock.com’s Distressed Property Play (OSTK)
Overstock.com, Inc. (NASDAQ: OSTK) has announced its official debut of its real estate search application through the O-Hot Value Indicator. The company site can be accessed at http://realestate.overstock.com. Overstock believes the site is unique…